ReEValuating Consumer demand for
electric vehicles isn’t showing up the way executives had expected. As a result, automakers from
Ford Motor and
General Motors to
Mercedes-Benz,
Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their EV plans. Sales of the vehicles are still predicted to increase in the years to come. But even Tesla, which is the U.S. leader in electric vehicles, is bracing for what “may be a notably lower” rate of growth, CEO
Elon Musk said. In the meantime, some automakers are turning away from fully electric lineups to a more mixed offering of vehicles, including gas-powered options and
hybrids that can be more cost effective for consumers but still help companies meet emissions guidelines.